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Sat, Nov 21, 2009 - 09:40 AM EST  —  AAPL: 199.92 (-0.59, -0.29%)  |  NASDAQ: 2146.04 (-10.78, -0.5%)

Jim Cramer: RIM has lost it; estimate cuts signal end of leadership position (with video)
Wednesday, December 03, 2008 - 01:03 PM EST

TheStreet.com's Jim Cramer thinks the estimates cuts for Research in Motion signal the end of its leadership position:


Direct link to video here.

MacDailyNews Take: As if the Storm reviews weren't enough to signal the end.

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Dec 03, 08 - 01:07 pm Comment from: Eric24601

Ahhh! I love it! I love it! I love it!

Dec 03, 08 - 01:09 pm Comment from: Eric24601

He managed to endorse Apple's iPhone without endorsing Apple's iPhone. Very nicely done. Slick!

Dec 03, 08 - 01:12 pm Comment from: freefromdesign

He also told us to hold on and don't worry about Bear Sterns a week before its collapse. Just saying.

Dec 03, 08 - 01:17 pm Comment from: Jersey_Trader

Even Cramer can't back RIMM Blackberry any more! He knows Apple's iPhone now has ownership of the smartphone market! The only reason this is being stretched out over several quarters is that contracts need to terminate and IT departments are dragging their feet as long as they can.

Dec 03, 08 - 01:18 pm Comment from: Jersey_Trader

Behind the iPhone is the iPhone halo that will drag Macs with OS X into replace the Windows and Vista disasters. It takes 1/10th the IT support to use Macs. There is going to be a lot of IT department layoffs this year and next.

IT people, your job security scam is over!

Dec 03, 08 - 01:25 pm Comment from: ericdano

Craymerica! Cramer tells it like it is.

Dec 03, 08 - 01:25 pm Comment from: minime

Ever notice how Kramer looks like Lenin?

Love my iTouch.

Fuzzle, Cannon Action, Blue Skies Air Force Academy...great games!

Dec 03, 08 - 01:28 pm Comment from: SirROM

RIM: Cramer Has Lost It

Dec 03, 08 - 01:32 pm Comment from: Noodle-Armed Choir Boy

Does Cramer always look and sound on camera like he's had a few?

Dec 03, 08 - 01:35 pm Comment from: CourtJester

Cramer looks and sounds shell-shocked. Is he on sedatives?

Dec 03, 08 - 01:36 pm Comment from: Jersey_Trader

Finally, the talking heads will be unable to call that rip smelling turd anything but a turd. (You see some Blackberry buttons in that turd.)

Man, wash it of your shoes before it starts to dry.

Are you all still looking at Microsoft Vista and Windows XP. If you are down wind, that is not a mountain range on the horizon you are smelling. That is the other turd.

Dec 03, 08 - 01:39 pm Comment from: macaholic

@Jersey

...What?

Dec 03, 08 - 01:42 pm Comment from: R2

Now's the time for Apple to strike with an expansion of the iPhone lineup.

Dec 03, 08 - 01:45 pm Comment from: Mark S.

So Cramer says RIM has lost it.

Hell, I had that figured last year and NOBODY paid be me any mind.

Ahhh…just as well I suppose.

Dec 03, 08 - 02:02 pm Comment from: What?

Sounds like Apple propaganda to me. RIM owns the enterprise and anyone thinking otherwise has been hanging out in the AppStore too long.

Apple has a long way to go to equal if not better what Blackberry provides enterprise.

Stop thinking stock performance is an indicator to reality.

Dec 03, 08 - 02:07 pm Comment from: Victor Meldrew

Good to see Cramer's back on his again. Nice pink shirt too. VERY manly.

Dec 03, 08 - 02:12 pm Comment from: Famous Grouse

The body language kinda says it all: RIM is beaten.

Dec 03, 08 - 02:24 pm Comment from: Demon

An IT Enterprise Wide Windows collapse is not an over night thing. And IT departments are going to drag their feet as long as they possibly can. Typical Enterprise selling cycles are 12 to 18 months for large companies. RIM has some time and so does Microsoft.

The problem for RIM and Microsoft is their dominate positions in Business is being challenged and well to be honest they're loosing. Neither company has the experience or know how to take a loosing (or Minor) position and build that into a viable business.

If we Look at Microsoft's venture into Online services and Advertising what we find is desperation and panic. Microsoft has no plan to make the business into a viable business without beating Google. If they don't or can't beat Google the business plan is to fail.

RIM who is loosing droves of Personal, small and medium business customer to the iPhone just does not know how to compete up until the iPhone the Blackberry was the email phone of Choose because there was no competitor to RIM. It's like Rats in NYC their are no predators to speak of so, they flourish. But, if NYC introduced a few dozen mixed breed Mau cats into the city to roam and hunt freely, the rat population would be decimated with-in year. The Storm shows that RIM is that Rat being hunted by a Mau cat, it just doesn't know how to react were to turn or what to do so, it's scurrying around in circles, in a small corner awaiting the end while hoping that the big bad cat will loose interest and move on to other things.

The MS Zune is in this same phase MS tweaks the software but the hardware has not really changes it's still basically a Brown Turd of a device that is being purchased by Windows Fanbois. Microsoft knows the Zune is a dead device they just can't admit it to the media and public and pull the plug just yet. MS can't figure out a way to make the Zune a viable product with beating the iPod no beating the iPod the product is a looser according to Baller. And the Zune is way past Baller's target date to in showing drastic cuts into Apple iPod Market shares.

The Xbox is having it's ass handed to it by the Wii. So what does MS do they update the Xbox Software to bring Wii like software features to the XBox. Of course the MS Xbox executives all claim that the Wii is not beating the XBox because the Wii is not a competitor to the XBox. You want to talk about burying your head in a pile of Brown Zunes will that is what the XBox suits are doing. This however, forces MS to keep selling the XBox hardware way below cost to make it. While Nintindo starts to now make money on the hardware.

Moving on to Windows Vista, a huge pile of Brown Zunes was tossed all over, when Microsoft kicked it out the door with much QA work left unfinished and many issues remaining in the final code. But the team tossed it at the wheel and it stuck so out the door it went. Prior to Vista was the complete and abject failure of Longhorn. Now MS is talking about Windows 7 which is just going to be an update of the Vista code base. So, without some major fixing Windows 7 may be just and upgrade for the few who braved the Vista streams of Brown Zunes.

In 3 to 5 years if their is going to be a major IT shift away from the MS Windows money vacuum. Till then we'll just need to wait and see.

Dec 03, 08 - 02:26 pm Comment from: @ What

Exactly. Apple fanbois think their paper routes are enterprises.

Dec 03, 08 - 02:54 pm Comment from: Wish I Was Here

I doubt very seriously if RIM is finished, but I'm not really the one to ask. One thing I feel strongly about is that Cramer is full of it, though. I've seen him make predictions that turned out to be exactly wrong. I guarantee he's got his eye on RIM, waiting for it to get cut in half again before he snaps it up.

Dec 03, 08 - 02:54 pm Comment from: Chris

I'm surprised no one has said "bloodbath" yet.

Dec 03, 08 - 02:59 pm Comment from: Jersey_Trader Rephrase

Thank you, Jersey_Trader, you deserve paraphrase repeat.

The only reasons corporate uptake of iPhone is being stretched out over several quarters is that contracts need to terminate

AND

IT departments are dragging their feet as long as they can.

Why are IT departments dragging their feet as long as they can?:

The iPhone halo will drag OS X Macs into replace Windows and Vista disasters.

It takes 1/10th the IT support to service Macs.

That means 1/10th IT staff necessary and a lot of IT department layoffs.

IT people, your job security scam is over!

Dec 03, 08 - 03:05 pm Comment from: Roberto

bladbooth

Dec 03, 08 - 03:15 pm Comment from: @ Jersey_Trader Rephrase

I doubt that they're sweating it too much.

Bring in all the Macs you want. They don't run most enterprise apps, which makes them very stylish doorstops.

I'm one of them, and I wish I could bring in Macs. Fact is, they don't run our apps. I'm not sure what about that you guys don't get. Word and Excel do not an enterprise workstation make.

Dec 03, 08 - 03:16 pm Comment from: dan

too bad Cramer is such a douche; otherwise his technical analysis might have some believeability. I think RIM has been rocked back on its heels by the entry of iPhone and other smartphone competitors into the business sector. I don't think RIM is down for the count.

Dec 03, 08 - 03:19 pm Comment from: Growl

The iPhone caters to a larger market than the Blackberry ever will. There are far more consumers, hipsters, trendy teens and whatevers than there are corporate drones. Try as they might, the Blackberry will never be "cool". No teen is begging their parents for a blackberry this christmas, and no hipster 20-something is ever going to whip out a blackberry at a bar to impress people.

The Blackberry never "owned" the enterprise. They were the biggest single player for a while, but they were early to a market that is still wide open and far from saturated.

Dec 03, 08 - 03:30 pm Comment from: iLuvMyMacs

WTF!

"I'm a huge believer in the iPhone but don't buy Apple" ??????

So Mrs. Kennedy- other than what happened; how do you like Dallas so far?

Dec 03, 08 - 03:33 pm Comment from: tokeen

Windows dominates the enterprise, large medium and small. When you take a job, whether you're a senior VP, a project manager, an accountant, a receptionist, or you work in the mail room, you are issued a computer with Windows. That's what "owning" a market looks like.

We're not at a place in our culture where a new employee at a business is automatically issued a phone. Only top executives and roving IT support staff get that privilege. The vast majority of workers are left to buy whatever phone we want. The market is not saturated yet and "ownership" of the market by any player is not yet seen. It will take a few more years, maybe even a decade before it's common practice for every employee no matter what they do to be issued a phone by their employer. And by that time, it could very well be an iPhone.

Dec 03, 08 - 03:36 pm Comment from: AA Attendee

I would rather see a foreign company crash than an American one.

Dec 03, 08 - 03:49 pm Comment from: @ Jersey_Trader Rephrase

CrossOver mac, Parallels and VMware don't run yer apps?

Dec 03, 08 - 03:58 pm Comment from: ML

apple should buy rimm!

Dec 03, 08 - 04:00 pm Comment from: BiZarRo BaLlmEr

the iPhone can only get better, which is bad news for RIM

Dec 03, 08 - 04:14 pm Comment from: Roger Knights

@ iLuvMyMacs:

You wrote: "WTF! [quoting Cramer] "I'm a huge believer in the iPhone but don't buy Apple" ??????"

He's explained what he meant in earlier shows, where he's said that he's bearish on the market as a whole, so he's not happy recommending individual stocks, at least to non-traders. He's also said that he thinks that Apple is a long-term play—18 months or so. (I guess he thinks AAPL needs to put in a long period of bottom-building after such a great decline as it’s had.)

IMO AAPL will recover more quickly. I think Apple will post high numbers for the Dec. quarter in its earnings report in late January, and will announce attractive new product upgrades on Jan. 5, which put together will should goose the stock to 120. Maybe more, because a wave of short covering (once the shorts had realized they'd made a wrong guess on the impact of the recession on Apple) could cause an upward spike to 135.

Dec 03, 08 - 04:15 pm Comment from: Crazylegs

ML - amen! I have been a long time BB user and defender here on this board and after trying the Storm, I bought a 3G iPhone and am so far very happy EXCEPT battery life is TERRIBLE. BBs always had better battery life because RIM's back end infrastructure moves data management to the network and the device only receives the exact amount of data required. radio transmits less, battery life increases dramatically. Until apple incorporates PA Semi chips into the iphone, they would actually be very well served to buy RIM and couple the nest delivery system/back end architecture with the best mobile device software. but it ain't gonna happen! too bad.

Dec 03, 08 - 04:18 pm Comment from: Crazylegs

ps - cramer is a clown. he's been more wrong on this stock than anyone. now that he capitulated - it makes one wonder if everyone has. makes sense given that on a terrible news day for RIMM, it actually outperforms AAPL, who is supposedly kicking their butt.

Dec 03, 08 - 04:27 pm Comment from: larryennis18466

Nobody saw it coming to Bear Sterns. He said 6 months ago we are in a economic downturn. Yesterday It was confirmed we have been in it for a year. He again said that the dow would go down in the 8 thousands or less. It went down to 7500 a two or three weeks ago. So 2 out of 3 is not bad. This guy knows what he is talking about. This is the beginning of the end for RIM.

Dec 03, 08 - 04:29 pm Comment from: Anxiously anticipatory 'Huh?!'

Doesn't

CrossOver Mac OR Parallels OR VMware

run all ENTERPRISE apps?

Dec 03, 08 - 04:34 pm Comment from: iLuvMyMacs

@Roger

I'm not a trader as you probably guessed- thanks for the explanation. I know guys that bought in when AAPL was over $120 so I hope, for their benefit, that the long term speculation is correct.

Dec 03, 08 - 04:54 pm Comment from: @ Anxiously anticipatory 'Huh?!'

And my boss' answer to that would be:

"So, you want to buy Mac, then buy copies Windows and Fusion to run Windows in virtualization to run all our apps? WTF is the point of that? Why not just buy Windows machines for half the price?"

And I really have a tough time arguing that point. Virtualized Windows is still the same sloppy crap as native Windows. It's a silly expenditure. The answer is to get the enterprise software companies to write Mac clients, which they're in no hurry to do. We already give preference to companies that have actual working Mac clients, we moved TO Lotus Notes FROM Exchange for that very reason. (I said "working", don't bother me with BS about Entourage.)

So I hold my nose and buy Windows machines. It is what it is.

Dec 03, 08 - 04:55 pm Comment from: Mark C.

Crazylegs,

MacDailyNews Review: Mophie Juice Pack for Apple iPhone 3G - highly recommended - October 14, 2008

Dec 03, 08 - 05:03 pm Comment from: Big Al

Cramer always has an angle.

There is money on the line when Cramer says anything.

Be careful what you take away from any of his comments.

Dec 03, 08 - 05:12 pm Comment from: Crazylegs

Mark C., thanks, I know all about the various power pack solutions but if i wanted a huge brick I would have kept the Storm!

Dec 03, 08 - 05:20 pm Comment from: @ Anxiously anticipatory 'Huh?!'

CrossOver Mac runs MS apps w/o Windows buy?

Yer IT?

Dec 03, 08 - 05:39 pm Comment from: Mark C.

Crazylegs,

The Mophie case doesn't make the iPhone a "huge brick."

In fact, people compliment my iPhone's looks when it's attached.

It also makes iPhone easier to hold - less slippery. That it also adds days of extra power doesn't hurt.

Dec 03, 08 - 07:26 pm Comment from: Predrag

Neither CrossOver, nor any other similar solution isn't really a solution. Unless it's a native Mac environment, all arguments fail (i.e. you need all the extra layers of Windows security, spyware/malware monitoring,e tc).

However, I am convinced that the percentage of enterprise desktops that actually run some custom-written Windows application that cannot be quickly re-written (or ported) to Mac is rather small. Vast majority of enterprise clients has Windows desktop with MS Office and a web browser. During the late 90s and early this milennium, very many of them have moved to browser-based applications. While they still configure and customise their Windows desktop, it could all easily be done on Mac. I work in an enterprise environment of about 10,000 desktop seats. Standard desktop configuration contains no software that cannot be replicated on a Mac. There is 3270 mainframe emulation, an x-Window environment for some UNIX (HP-UX) based ERP application, Lotus Notes for groupware and, of course, MS Office. I had configured my own Mac for all this (to the pure astonishment of the central IT support drones) and there is nothing that the Mac is lacking.

There will always be organisations that simply cannot move to Mac because they hare heavily locked into Windows world with custom apps. However, this is not preventing vast majority of the computing world to switch.

Let us not forget; if all those who can do it actually decide to switch, very soon, Mac share will become significant. Obviously, this would quickly shift development efforts, resulting in even fewer installations that cannot switch.

And as for our (beleaguered) RIM, same goes there. All that security and supposed additional functionality that RIM may have over iPhone is realistically only needed by a minuscule minority of their current enterprise customers. For most of them, iPhone would work perfectly, and they'd be much happier. Again, same thing there. ANd let's not forget, iPhone v.3 is surely coming sometime in 2009.

Dec 03, 08 - 07:55 pm Comment from: @ Predrag

Why would you need "you need all the extra layers of Windows security, spyware/malware monitoring,e tc"

if, on CrossOver, you're only running the app, not Windows?

Dec 03, 08 - 10:56 pm Comment from: MobileAdmin

I gotta love the comments on here and how any discussion about MOBILIITY turns into Mac taking over the enterprise,

There is no "supposed" advantage by RIM it's fact. Apple does NOT provide the tools enterprise needs:

device management
device encryption
device audit / reporting

Sure not every company requires that but pretty much every F500 company does (or wishes they had it). There is more to this then providing a slick device for usage.

The pending Massachusetts regulation around encryption is reality and while there is a stay until 2010 any company doing business with customers with the state (read any major company) HAS to encrypt portable devices. Apple presently cannot and has offered no timeframe when this will be possible so your "conquest" of the enterprise just hit a huge roadblock.

Dec 04, 08 - 08:56 am Comment from: derekcurrie

Don't buy Apple?

Conventional wisdom would say that Apple's stock price has been bouncing on a bottom price for a few weeks now.

But I honestly don't know how bad the Bush Depression is going to be. There is a vast abyss under the US economy that has yet to be admitted or faced, let alone dealt with. Personally, I can't think of a safer stock right now than Apple. It is nothing but stunning how their sales are increasing while the economy is in slide mode and consumers are scared.

In my experience Jim Cramer is about as good and as lame as any of the other market pundits. He entire appeal has been his presentation, and big yawn to that. Maybe he's right about Apple stock. Apple have unjustifiably been hit with panic sales continually through this mess. I guess I have to admit it is not going to hurt stock purchasers to hold while we wait for the bottom of the entire stock market to bottom bounce. It is my opinion that 8000 points or less is an entirely realistic Dow Jones level these days. Our economic foundation is that bad.

And yes, I am restraining my political rage about how this happened. And no, calling this the Bush Depression is not an exaggeration. Wait and see. I'm typically ahead of the curve on this stuff, not that I'm enjoying it. tongue laugh

Dec 05, 08 - 12:46 am Comment from: Big Mac Attack

It's official: Cramer endorses iPhone, just like Ballmer:
http://www.youtube.com/watch?v=az3XBDNsERE

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